Pakistan's IT exports reach record highs with SIFC support
Strategic collaboration boosts Pakistan's IT sector, setting new export milestones
Money
Petrol price reduction accurately reflected in notification: Musadik Malik
Promises clearer communication in future after price cut mix-up
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
NEPRA approves major electricity price hike
Authority forwards decision to government, citing need for quarterly adjustment
Gold rates in Pakistan witness massive dip
Gold price fluctuation are directly linked to changes in value of US Dollar
IMF pressure leads to govt U-turn on petrol prices
Rs82 per litre tax also being collected from public on petroleum products to meet strict IMF conditions
FBR faces Rs33bn tax revenue shortfall, needs Rs1,289bn in June
From July 2023 to May 2024, bureau collected Rs8,126bn, slightly below target of Rs8,159bn
Govt announces new petrol, diesel prices
New prices of petroleum products will be effective for next fortnight from June 1
PM directs to reduce prices of petroleum products
The final notification of the new prices of petroleum products will be issued by the Ministry of Finance
Solar users face new charges under proposed net metering reforms
Power Division proposes 50% cut in net metering buyback rate
Pakistan’s development budget severely affected by IMF program
Health and education projects hit hard by budget cuts
Pakistan’s weekly inflation sees minor increase
Prices of mutton, ghee, and cooking oil remained stable
Massive decrease in LPG prices in Pakistan
The price of the domestic cylinder has been reached by Rs45.62 also
Pakistan, Kuwait to sign $25m loan deal for Mohmand Dam
Aleem Khan directs BoI to streamline registration process for new ventures, provide one-window, online facilities
Pakistan’s packaged fruit juice sector being crushed by 20% FED
Fruit-based beverage industry, with turnover of approx Rs100bn, employs over 100,000 people
Gold price in Pakistan witnesses minor increase
Gold price fluctuations are directly linked to changes in value of US Dollar
Annual plan committee sets economic targets, expenditure plans for 2024-25
Significant reduction proposed in education budget from Rs83bn to Rs32bn, health budget from Rs26bn to Rs17bn
US Dollar value declines, stock exchange sees surge in performance
Simultaneous decrease in dollar value, upward trajectory of stock exchange indicate positive outlook for financial sector
SBP enhances digital payment options for Eid cattle markets
For merchants transaction limits raised to Rs 5 million
Maersk to invest $2 billion in Pakistan
Minister highlights increasing interest of international companies in Pakistan’s port facilities
Pakistan’s dollar reserves show worrying decline
State Bank reports $60.3 million decrease in dollar reserves
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Govt proposes new taxes, increased GST, exemptions in upcoming budget
Proposals include one-year tax credit on home property, increase in annual income tax exemption to Rs900,000
Fluctuating gold price in Pakistan once again declines
Gold price fluctuations are directly linked to changes in value of US Dollar
Business booms in stock exchange as US Dollar value rises
Globally, US dollar hit two-week high against main rivals on Thursday
FINANCE
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Pakistan's foreign exchange reserves rise by $33 million
SBP's foreign exchange reserves saw a $112 million rise last week
SBP likely to cut interest rate
Economists anticipate possible 1.5% cut in the interest rate
Pakistan seeks $1.75bn loan from banks to meet IMF conditions
Pakistan formally requests Standard Chartered to restructure commercial loans, ranging from $800m to $1bn
Coke, Pepsi boycott over Gaza lifts Muslim countries' local sodas
Many consumers shunning Coca-Cola, PepsiCo cite US support of Israel over decades, including in ongoing Hamas war
Utility Stores reduce prices of over 800 items up to Rs200
BISP subsidy on Utility Stores currently suspended, will be restored soon under new procedure
AUTO
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